Is Arlington Asset Investment Corp. overvalued or undervalued?

As of 15 October 2023, Arlington Asset Investment Corp. has moved from fair to attractive based on recent analyses. The company is currently undervalued, with a price-to-earnings ratio of 7.5, a price-to-book ratio of 0.8, and a dividend yield of 10.2%. In comparison, peers such as New York Mortgage Trust, Inc. with a price-to-earnings ratio of 8.0 and a price-to-book ratio of 1.0, and Two Harbors Investment Corp. with a price-to-earnings ratio of 7.8 and a price-to-book ratio of 0.9, indicate that Arlington is positioned favorably in the market.
Additionally, recent stock performance has shown that Arlington Asset Investment Corp. has outperformed the Sensex, reinforcing the notion of its undervaluation. Overall, the combination of strong dividend yield and lower valuation ratios compared to peers suggests a compelling investment opportunity.